LLC and simplified bookkeeping

[Russell Cazeault]

So it is recommended to have each property in its own LLC. However, having to run separate books for each entity is a hassle. Is if possible to have one LLC own multiple LLC.s ? Then just run one set of quick books ?

Or is there an alternative structure I am not away of ?

[Alan G.]

@Russell Cazeault

Don’t go by the number of properties in each llc, go by the total assets owned. For example, if you are buying apartment buildings for 1mm or more than absolutely put each building into its own, however, if you buy 70k single family homes you may want to put 10 or 15 into each.

No need to put a 70k house into its own.

Just my opinion.